Hacks to Prevent Your Cryptocurrency From Hacking

Invested in cryptocurrency recently and are now scared about its safety? Missing the old days when you put your currency in banks and slept peacefully? Well, those were the old days.

Now, cryptocurrency has been on the rise since its launch in 2009. For example, users on Reddit cryptocurrency exchanged about 55 million awards, a value of 5.5 billion Reddit coins. Cryptocurrency is decentralized and more profitable (that’s why you invested in it).

But hold on; there is no rose without thorns. Rising cryptocurrency prices have not only attracted investors but also hackers and scammers. The number of cryptocurrency heists increased from 9 in 2017 to 190 in 2022.

Are you scared enough? Take a deep breath and calm down. We have got you all covered. Here are some simple yet effective tips to protect your cryptocurrency; read on.

Use Two-factor Authentication

We are sure that you are familiar with two-factor authentication. Even a simple account of Gmail suggests it. In this, you have to provide authentication through two sources.

Coming back to cryptocurrency, to withdraw your crypto, you need authentication. If you have two-factor authentication, you will need a passcode or a fingerprint and a code from your phone. Now, a hacker may have your passcode but not your phone. Got it?

Store Your Cryptocurrency in Cold Wallets

Forget those days when you put your investments in saving accounts, deposit accounts, bonds, and bank wallets. Now you have completely digital crypto. You can’t keep it in exchange; it is not safe regarding cybersecurity. You have to keep it somewhere hackers can’t reach.

Here comes a cold wallet; it may be any USB. A cold wallet is physically present with you so hackers can’t access it, even if they breach your online exchanges.

Use a Strong Password

When you use your device for online purposes, it is susceptible to infection with malware. The attacker can read your key vault fickle and get your seed word, boom, and all your money is gone.

Relax; we will not let this happen to you. Just use a strong password. A strong password should be long enough and it should have both capital and small letters. Also, add any special characters

Avoid Public Wi-Fi

Many people are tempted to use public Wi-Fi when any other internet source is unavailable. But you are not going to do so. Why? Because public Wi-Fi can easily be intercepted.

It is relatively easier for hackers to reach your information through public Wi-Fi than private Wi-Fi. So hold this urge to use public Wi-Fi and wait until you have a secure internet connection.

Bottom Line

The future is evolving rapidly with technological advances. Our financial system is an example. The coming era is digital, and cryptocurrency is an important component. We want you to invest and gain profit from crypto worry-free.

So buckle up, and make your password as strong as possible. Use two-factor authentication and use a cold wallet for your crypto, and continue your profit-making journey. And one more thing The crypto news will keep you updated regarding the crypto scammers and hackers, so tune into it as well.